Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GDLC
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Grayscale Digital Large Cap Fund LLC stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 14, 2024 Gain 41.08% PDF

The Grayscale Digital Large Cap Fund LLC stock price fell by -2.39% on the last day (Wednesday, 27th Mar 2024) from $23.89 to $23.32. During the last trading day the stock fluctuated 9.05% from a day low at $22.76 to a day high of $24.82. The price has fallen in 7 of the last 10 days and is down by -8.55% for this period. Volume has increased on the last day by 37 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 119 thousand shares were bought and sold for approximately $2.78 million.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 52.01% during the next 3 months and, with a 90% probability hold a price between $29.81 and $42.88 at the end of this 3-month period.

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GDLC Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -10.82%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Grayscale Digital Large Cap Fund LLC stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $22.78 and $20.61. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for Grayscale Digital Large Cap Fund LLC stock

On the downside, the stock finds support just below today's level from accumulated volume at $21.90 and $20.95. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Grayscale Digital Large Cap Fund LLC finds support just below today's level at $21.90. If this is broken, then the next support from accumulated volume will be at $20.95 and $19.98.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.06 between high and low, or 9.05%. For the last week, the stock has had daily average volatility of 6.47%.

Our recommended stop-loss: $22.23 (-4.66%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (GDLC) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Grayscale Digital Large Cap Fund LLC to open at $23.63, and during the day (based on 14 day Average True Range), to move between $21.82 and $24.82, which gives a possible trading interval of +/-$1.50 (+/-6.44%) up or down from last closing price. If Grayscale Digital Large Cap Fund LLC takes out the full calculated possible swing range there will be an estimated 12.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.40 (0.34%) than the support at $21.90 (6.09%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Grayscale Digital Large Cap Fund LLC stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Grayscale Digital Large Cap Fund LLC stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.314 Buy Candidate Upgraded

Predicted Opening Price for Grayscale Digital Large Cap Fund LLC of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$23.63 ( 1.34%) $23.32

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GDLC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 25.69 10.18 %
R2 24.91 6.80 %
R1 24.42 4.72 %
Current price: 23.32
Support S1 22.85 -2.03 %
S2 22.36 -4.12 %
S3 21.57 -7.49 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 25.18 7.98 %
R2 25.00 7.20 %
R1 23.40 0.343 %
Current price 23.32
Support S1 21.90 -6.09%
S2 20.95 -10.18%
S3 19.98 -14.32%

FAQ

What is the symbol for Grayscale Digital Large Cap Fund LLC Stock and on which exchange is it traded?
The symbol for Grayscale Digital Large Cap Fund LLC is GDLC and it is traded on the OTCBB (OTC Bulletin Board).

Should I buy or sell Grayscale Digital Large Cap Fund LLC Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Grayscale Digital Large Cap Fund LLC stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Grayscale Digital Large Cap Fund LLC Stock?
Grayscale Digital Large Cap Fund LLC Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Grayscale Digital Large Cap Fund LLC Stock.

What's the current price of Grayscale Digital Large Cap Fund LLC Stock?
As of the end of day on the 2024-03-27, the price of an Grayscale Digital Large Cap Fund LLC (GDLC) share was $23.32.

What is the 52-week high and low for Grayscale Digital Large Cap Fund LLC Stock?
The 52-week high for Grayscale Digital Large Cap Fund LLC Stock is $27.49 and the 52-week low is $5.56.

What is the market capitalization of Grayscale Digital Large Cap Fund LLC Stock?
As of the 2024-03-27, the market capitalization of Grayscale Digital Large Cap Fund LLC is 379.072M.
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